Daily Archives: 18th May 2019

RBI asks NBFCs to appoint chief risk officers

KOLKATA: The Reserve Bank of India told non-banking finance companies with assets size of over Rs 5,000 crore to appoint a chief risk officer to improve standards of their risk management. “With the increasing role of NBFCs in direct credit intermediation, there is a need for NBFCs to augment risk management practices,” the central bank […]

Update your WhatsApp ASAP: Newly-discovered spyware can infect a phone just by a WhatsApp call

BENGALURU: WhatsApp, the popular end-to-end encrypted owned by Facebook, has asked users to update to the latest version of the app following the discovery of a spyware to be injected into a user’s phone through its phone calling feature. The spyware was developed by the Israeli cyber intelligence company NSO Group, according to a news […]

Now Jio launches an IRCTC like app for booking train tickets

Reliance Jio has launched an application called JioRail for its JioPhones. The app will allow customers to book and cancel tickets by using debit cards, credit cards and e-wallets, check PNR status, train information, timings, routes, seat availability and several other services. Available on the Jio App Store, the JioRail app also allows Tatkal booking […]

HDFC Ergo and IBM to jointly setup data lab in India

MUMBAI: General insurance company HDFC Ergo and technology major IBM have jointly set up a lab in India to run deep analytics on customer data and subsequently develop customised solutions to improve business efficiency and profitability. The ‘IBM Garage’ with a team of 25 experts, including data scientists, technology architects and design engineers from IBM […]